Why Elizabeth Warren Scares Republicans

ProSense

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Wed May-25-11 08:40 AM
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Why Elizabeth Warren Scares Republicans

Why Elizabeth Warren Scares Republicans

By Brian Dockstader

That is a statement that even Republicans couldn't argue with--with the small exception that Republicans view these as negative qualifications. The rest stands, however, because no one is arguing that Elizabeth Warren shouldn't be appointed director of the Consumer Financial Protection Bureau (CFPB) because she isn't the best person for the job. No, the opposition to her comes from the exact opposite position:

Republicans oppose Elizabeth Warren because she is too good at her job.

<...>

President Obama must stand up to the right-wing obstructionists and make the case for Elizabeth Warren and financial reform. Then, after Republicans again declare they don't care about protecting the country from another financial meltdown and recession, President Obama should use his constitutionally authorized authority to use a recess appointment to make Elizabeth Warren the director of the Consumer Financial Protection Agency. We need it. She deserves it. President Obama can do it. Outlaws be damned. Sign the petition to the President calling for a recess appointment for Elizabeth Warren.

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Update: To give you an idea of how good (and completely non-controversial) Elizabeth Warren is, the head of the Oklahoma Banker's Association, who at one point (before he knew her) described Warren as "akin to the Antichrist" has been completely won over by her abilities and is now pushing President Obama to give her a recess appointment to direct the CFPB. Really.

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Update #3 (2:40pm): Wow, that hearing got nasty. It was clear from the very beginning that Rep. Henry wanted to attack Elizabeth Warren & the CFPB (his campaign contributions preordained that), but it got so bad that Rep. Yarmuth actually had to apologize to Warren for the rude and disrespectful behavior of the chair (Rep. Henry) and his snarky comments. After watching that circus it is even more clear just how much Republicans fear Elizabeth Warren and financial reform.

Kudos to Rep. Maloney for pointing out that the title of the GOP's hearing should have actually been "Let's Pretend the Financial Crisis Never Happened."

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annabanana

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Wed May-25-11 08:43 AM
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1. She is also honest. That ALONE makes her terrifying to those

hypocritical f*cks.

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spooky3

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Wed May-25-11 09:38 AM
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5. agree - and female. Gotta put that uppity little lady in her place. How DARE

she challenge us!

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CTyankee

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Wed May-25-11 08:52 AM
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2. Yes, be careful Elizabeth!

God knows these f*ckers are capable of anything...

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flpoljunkie

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Wed May-25-11 09:14 AM
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3. Signed! K&R!

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starroute

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Wed May-25-11 09:35 AM
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4. Rep. McHenry's been defending predatory lending since 2007

I don't know all the ins and outs, but in looking around last night I came up with an old Daily Kos entry about him. I haven't explored this any deeper, and I don't know if he's just been a tool of the the banking interests for a long time or if he has secrets of his own that he's worried about getting out. But right now he is one terrified little right-wing turd.

http://www.dailykos.com/story/2008/03/12/474935/-NC-10-McHenry-Smears-Responsible-Lending-With-Right-Wing-Front-Group

Mar 12, 2008

NC-10 McHenry Smears Responsible Lending With Right Wing Front Group

I've realized that Patrick McHenry has been a water carrier for banking interests. What I hadn't realized was how low McHenry, along with Dick Armey's army, would go. . . .

McHenry has long been an enemy of the Self Help Credit Union, the Center for Responsible Lending and founder Martin Eakes. According to a Credit Union Times article March 14, 2007 McHenry was quoted giving an address at America's Community Bankers' Government Affairs Conference:

"McHenry said he feels there is no need for predatory lending legislation because 'the marketplace will sort these things out best.'"

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